Sep 26 2022 Our Emergency Mini-Budget Summary 2022 Categories: Taxation The “Emergency Mini-Budget” promised for Friday 22 September 2022 was anything but mini, with a number of radical announcements delivered by the new Chancellor, Kwasi Kwarteng. A headline measure was the reduction in the basic rate of Income Tax to 19% with effect from 6 April 2023 together with the more surprising removal of the more
Sep 23 2022 Mini-Budget Announcements Categories: Taxation This morning, the new Chancellor, Kwasi Kwarteng, held his first fiscal event which is being called a ‘mini-budget’. As part of his announcement, he repeated details already announced earlier this week and unveiled the new Government’s plans to boost the growth of the economy. We’ve highlighted the main points announced today, which we will follow more
Sep 22 2022 Recovering VAT from Residential Property Refurbishments Categories: Property & ConstructionTaxation In most cases, VAT incurred on the refurbishment of residential property is not recoverable. However, there are some instances where it may be possible to reclaim some of the VAT. In this article, we will look at residential properties that are purchased, renovated and then either let out or sold. Generally, property costs for maintaining, more
Sep 22 2022 The UK Government’s plans to help cut energy bills Categories: EQ News The newly formed UK Government has announced a series of measures over the past week to help individuals and businesses with soaring energy costs. Support for households – Energy Price Guarantee On Thursday 8 September, the UK Government launched the Energy Price Guarantee for households. The scheme will limit the price suppliers can charge customers for more
Sep 21 2022 Is your charity using the right software? Categories: Charities Charities can often suffer from a lack of investment in digital technologies, which is often attributed to tight control on expenditure. We’re finding a number of our charity clients are affected by the upcoming end-of-life status of various Sage products on 30 September 2022 and QuickBooks Desktop on 1 February 2023. This can result in more
Sep 20 2022 The Low Carbon Manufacturing Challenge Fund Categories: Engineering & Manufacturing To support Scottish manufacturing businesses who are looking to help speed up the transition to a low carbon economy, the Scottish Government is offering grant funding as part of Making Scotland’s Future activity. The Low Carbon Manufacturing Challenge Fund (LCMCF) supports Scottish manufacturing businesses looking to grow through developing low carbon products, processes or services. This can more
Sep 6 2022 SIS Growth Challenge Categories: Charities SIS (Social Investment Scotland) has launched another round of the Growth Challenge to support charities and social enterprises with growth plans for 2022/2023 which require funding and would benefit from a flexible loan and grant solution. Successful applicants will have growth aspirations that need £100k+ of loan funding and be able to demonstrate how these more
Aug 31 2022 Take part in a consultation on the Agriculture Bill Categories: Agriculture The Scottish Government is asking for opinions on food production, fair income for farmers and protecting biodiversity for the new Agriculture Bill. The results from this consultation will enable tailored provisions and support to future social, economic, and environmental changes, challenges and opportunities. This consultation is split into 6 parts, reflecting the proposals that are considered for more